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24 May 2007, 10:40 am
Parke-Davis, 733 P.2d 507, 515-16 (Wash. 1987); Bond v. [read post]
7 Apr 2024, 9:05 pm by renholding
As Adam Smith recognized in The Theory of the Moral Sentiments, business as an institution depends on certain basic moral principles and understandings.[15] Even in his more famous and influential The Wealth of Nations,[16] Smith recognized that promoting excessively “high profits” for capitalists could undermine the economic wealth and moral well-being of a nation as a whole.[17] In my article, I draw also on the contemporary social philosopher Axel Honneth, who… [read post]
5 Feb 2011, 10:22 am by Steve Bainbridge
The terms of the contractual relationship agreed to and not broad concepts such as fairness [therefore] define the corporation’s obligation to its bondholders.[6] Put another way, bond indentures necessarily are incomplete.[7] Even so, they still provide bondholders with far greater contractual protections than shareholders receive from the corporate contract as represented by the firm’s organic documents. [read post]